REI Lense

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$1,713 (target)

319 Westridge Dr, Burlington, NC 27215

3 beds • 2 baths • 1441 sqft

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This property looks like a bad Long-Term investment with a projected -12.4% first-year return on $66,759 initial cash invested.

-12.4%

Cash On Cash

3.65%

Cap Rate

0.62

DSCR

$1,713

Rent

-$690

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,713 income − $2,403 expenses = $690 out of pocket

Income$1,713Out of Pocket$690Mortgage P&I$1,57092%Property Taxes$26515%Insurance$1227%Management$17110%CapEx$865%Vacancy$1036%Maintenance$865%

Investment Breakdown

|

Purchase Price

$318k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,759

Downpayment

20%

$63,580

Closing costs

1%

$3,179

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,713

Total Expenses

$2,403

Mortgage P&I

92%

$1,570

Property Taxes

15%

$265

Home Insurance

7%

$122

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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